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In the case of Australia, FB and Twitter are actually injecting a lot of competition and diversity of thought into the market, since their news ecosystem is inc
by ashtonkem 6y ago
In the case of Australia, FB and Twitter are actually injecting a lot of competition and diversity of thought into the market, since their news ecosystem is incredibly oligopolistic.
- Bakary 6y agoThat's a good point but FAANGs are oligopolistic on a global scale. It's come to the point where anything that could possibly weaken them or get the ball rolling towards their fragmentation sounds like a good idea, even if it's half-baked and negative in its own local context.
- ashtonkem 6y agoTo be clear, I’d like to see some of the FAANG companies broken up. But worrying about their global oligopoly when the alternative in this situation is News Corp, another global oligopoly, seems misguided to me.
- Bakary 6y agoYou gotta start somewhere. It's far from an ideal situation, but simply the prospect of it creating a spark elsewhere is worth taking.